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$3,108 (target)

10017 M 115, Cadillac, MI 49601

3 beds • 2 baths • 1944 sqft

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This property might be a fair Mid-Term investment with a projected 8.35% first-year return on $71,970 initial cash invested.

8.35%

Cash On Cash

9.15%

Cap Rate

1.47

DSCR

$3,108

Rent

$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,108 income − $2,607 expenses = $501 cash flow

Income$3,108Mortgage P&I$1,33543%Property Taxes$1254%Insurance$913%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$501

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,108

Total Expenses

$2,607

Mortgage P&I

43%

$1,335

Property Taxes

4%

$125

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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